RKSV security review

Upstox, (formerly RKSV Securities), is one of India’s top broking firms specializing in the zero brokerage costs model. Founded by Ravi Kumar, Raghu Kumar and Shrini Viswanath, Upstox now accounts for 2% of daily turnover of NSE. Upstox’ customers can trade on BSE, NSE and starting in 2016 on MCX. (approx. Rs. 7000 crore daily traded turnover)

Upstox is backed by Mr. Ratan Tata, Kalaari Group and GVK Davix and prides itself as the technology-first low cost brokerage firm. The cutting-edge trading platform is built in-house by the team of engineers at Upstox’ head office at Sunshine Towers in Lower Parel, Mumbai. Traders and investors can use the sophisticated charting tools on Upstox Pro Web and Mobile platforms in order to analyze the markets and make profits.

Upstox offers free brokerage on equity delivery trading and trading in Equity F&O, Equity IntraDay, Commodities and Currency Derivatives can be done for a flat fee of Rs. 20 per order traded irrespective of the order volume. Upstox also offers NRI trading and will soon provide for investing in Mutual Funds.

In 2016, Upstox launched E-Aadhaar account opening system thus breaking the barrier faced by customers while opening an account with other brokerage firms. You just need your Aadhaar Card number and PAN Number in order to open an account with Upstox. It is completely paperless and seamless! Account opening is FREE with Upstox.

Upstox is also a registered member of CDSL and NSDL and is eligible to provide Depository Participant (DP) services. The company remains a registered member of NSE, BSE and MCX in the name of RKSV Securities.

Education

Upstox focuses on educating and training people about the financial markets and how to profit through them. Trade Academy, the educational-arm of Upstox, has been conducting online classes to train aspirants across India and abroad about everything from basics of the stock markets to options trading strategies to introducing algorithmic trading to experts in the industry. Trade Academy runs free and premium online courses that are attended by large number of audience every day.

LoginLess

In order to make sophisticated trading experience accessible to all, Upstox offers LoginLess feature on their Upstox Pro mobile app. Loginless allows you to do many things, without even an account, such as:

Easily search for stocks, even the complex ones

Access all NSE cash, Futures and Options and Currencies scrips

Use cutting edge charting tools

Create charts with multiple intervals, drawing studies and types

Apply 100+ technical indicators on real-time charts

Set unlimited no. of price alerts for instant updates

Create unlimited customized watch-lists

Receive real-time market feeds to stay on top of your scrips

Access predefined watch-list of Nifty 50

Once you have downloaded the app, you can easily open a paperless trading account with Upstox and start placing trades.

Upstox’ referral program offers existing customers the chance to earn additional money in brokerage credit by referring their friends to open an account and trade with Upstox. A special dashboard is created for existing customers so that they can track their earnings from referrals.

Upstox Brokerage Charges – 2017

Upstox’s brokerage plan is simple and attractive. Trade in Equity Delivery is completely free and for all other segments you pay only Rs 20 per order executed.

Margins provided by Upstox – Also customers get intraday leverage of 15x on Equities for FNO listings, 2x for scrips with 20% circuit limit, 3x on NSE F&O, 3x on BSE/NSE Currency F&O and 2.5x on MCX Commodity Futures.

Special Margins for Cover Order or Bracket Order – 20x on NSE/BSE Cash, upto 6x in NSE Futures, upto 4x in Currency futures, upto 3x in MCX.

Trading Brokerages

Equity Delivery Based Trades: Rs 0 (Free)

Equity Intraday Trades: Rs. 20 per executed order

Equity Future: Rs. 20 per executed order

Equity Options: Rs. 20 per executed order (on Turnover)

Currency Futures and Options: Rs. 20 per executed order

Commodity Futures: Rs. 20 per executed order

Account Charges

Trading Account Opening Charges (One Time): Rs 150

Demat account Opening Charges (One Time): Rs 150

Trading Annual maintenance charges (AMC): Zero

Demat Account Annual Maintenance Charges (AMC): Rs 150

Other Charges

Call and Trade feature is available at Rs. 20 per call order.

Digital Contract notes are sent via Email. Physical copies of contract notes can be ordered at additional charge of Rs. 25 per contract + courier charges.

For online trading with Upstox, an investor or a trader has to open a simple 2-in-1 account (Trading and Demat). Account opening is the easiest with Upstox. Starting in 2016 Upstox pioneered Paperless account opening system. Now you just need your Aadhaar Card Number and PAN Number to open an account online. Gone are the days of filling out multiple forms, signing, printing and sending them to the broker in mail.

Upstox provides web browser and mobile app based trading platforms to its users.

Upstox Pro Web – With more and more people moving towards online trading, Upstox has turned their web-based trading platform into the most sophisticated and cutting-edge tool which helps traders and investors to calculate fast and place trades in live markets quickly. It is a light-weight browser-based platform that you can access on your computer, laptop or tablet–without having to download anything. Trading with Upstox means that you can say Goodbye to those large .exe files that crowd your desktop.

Upstox Desktop – One of the most reputed trading platform “Omnesys NEST” is the official trading terminal for Upstox. This trading terminal is a one-stop shop for your trading needs, from advanced charting to quick order placement, portfolio, fund transfer, margin report and Market Watch. Customizable interface, Multi Monitor support, customizable hotkeys and shortcuts.

Key features of Upstox Pro are:

Fast market feeds

Trade on all exchanges & all segments with a single Sign In

Real time quotes

Instant notifications

Bank transfer available with 40+ banks.

Real time margin – alert for margin changes

One click trades.

Keyboard shortcuts – like desktop, you can use shortcuts for trading in the browser of your choice.

Upstox is a technology-focused online broking firm that leads by example. The broker separates itself from the competition with its innovative trading platforms and its unwavering focus on providing cutting edge trading tools and platforms for its users. Irrespective of the device that you use, Upstox is available for you. Be it your cellphone, laptop, tablet or even your desktop with internet access – Upstox Pro Web and Upstox Pro Mobile are seamless and hassle-free for your use. Specializing in the low brokerage model, Upstox offers FREE equity delivery trading and upto Rs. 20 per trade irrespective of the order volume for IntraDay trading. Upstox is leading the emerging “Free Broker” category.

Comments

Hi, can you help me? How many charts can we see continously real time at a moment in upstox , and Is the placing order window and the position window both visible at the same time with out clicking, anywhere. As I am with Ventura securities and it’s not fast enough. I have to click around to manage all.

Both are comparable. RKSV has Upstox and Zerodha have PI and Kite, all of them are advanced trading platform. Brokerage rates are almost the same. I would suggest you to talk to both of them and then decide which better suits you.

Just provide your details on RKSV page and your account opening charge would be waived off. In case they say it is not waived off, you can tell them that I have come to your page from indiansharebroker.com and there is a deal going on there.

I am NRI and I am buying as investment purpose. In addition to the brokerage My bank is charging me a service charge for each buy or sale transactions. Please let me know whether this is applicable to your banker also? If so what are the charges?